The main shitty thing about Labcoin is that they seem to be incapable of answering ANY technical questions asked about their chips (even though they promised to have lead developer answer questions countless times).

How come we haven't seen anything what the PCBs design or the development of it looks like? since theyre only going to sell chips what is the harm in showing us what the PCB used for their own farm will look like? A first version of the PCB design must have been ready for weeks.

How are they planning to remove all the heat the chips obviously will generate? BFLs 65nm chip has about the same power draw (~12.5 Watt, and everyone know how much it takes to keep those chips cool, and their chips got an exposed heat pad.

Compare this to how transparent Friedcat or Bitfury were doing the development of their chips...

The main shitty thing about Labcoin is that they seem to be incapable of answering ANY technical questions asked about their chips (even though they promised to have lead developer answer questions countless times).

How come we haven't seen anything what the PCBs design or the development of it looks like? since theyre only going to sell chips what is the harm in showing us what the PCB used for their own farm will look like? A first version of the PCB design must have been ready for weeks.

How are they planning to remove all the heat the chips obviously will generate? BFLs 65nm chip has about the same power draw (~12.5 Watt, and everyone know how much it takes to keep those chips cool, and their chips got an exposed heat pad.

Compare this to how transparent Friedcat or Bitfury were doing the development of their chips...

They've already had one Q&A, in IRC. They are supposed to be getting their PCBs soon, and presumably will post pictures when that's done. Obviously their priority is getting their chips up and working, not answering questions in a thread.

Only a complete clueless idiot would sell that amount in one go - someone like you maybe lolz

Uh huh. I doubt you've ever placed a "big money" order in your life. And, by the way - how much have you lost in ActiveMining shares over the last few days? You're obviously just jealous about how well Labcoin has done compared to ActM and ASICMiner. There's no reason whatsoever to expect a selloff, you're predicting one based on "technical analysis" b.s. that might as well be astrology.

Why don't you tell us so exactly how low you expect the stock to go in the next 72 hours, so we can all ignore you when it goes nowhere near that price.

The main shitty thing about Labcoin is that they seem to be incapable of answering ANY technical questions asked about their chips (even though they promised to have lead developer answer questions countless times).

How come we haven't seen anything what the PCBs design or the development of it looks like? since theyre only going to sell chips what is the harm in showing us what the PCB used for their own farm will look like? A first version of the PCB design must have been ready for weeks.

How are they planning to remove all the heat the chips obviously will generate? BFLs 65nm chip has about the same power draw (~12.5 Watt, and everyone know how much it takes to keep those chips cool, and their chips got an exposed heat pad.

Compare this to how transparent Friedcat or Bitfury were doing the development of their chips...

They've already had one Q&A, in IRC. They are supposed to be getting their PCBs soon, and presumably will post pictures when that's done. Obviously their priority is getting their chips up and working, not answering questions in a thread.

If you had attended that Q&A yourself, like I did, then you would know what a joke of a Q&A it was.. It was basically an assistant to the developer copy pasting publicly known data.

Quote

<dexX7> from vbs: "For that to be possible, not only each Labcoin core would have to be ~42% smaller [65/130*(6.5^2)/(7.1^2)] than each BFL core but also the Labcoin chip would magically operate at a higher frequency (300MHz vs 250MHz) while keeping the same power draw..."<labcoin_dev> i remind you guys that the bitfury chip has up to 750 cores<mirek> how many cycles per hash?<labcoin_dev> they also use the same approach, we chose this design because one of our guys was close to bitfury developments 2 months ago<Hollywood> how many cores on average per chip, what is your assumption<labcoin_dev> i'll pass the questions i can't reply to the lead developer--> hammurabi (~muaddib@93.179.239.13) has joined #labcoin<-- eleet has quit (Ping timeout: 240 seconds)<peter123_> After this Q&A is completed, can you take a couple of photos from your lab environment / screen shots on chips software and upload to bitcointalk thread or for one of us to upload if you dont have permission yet?<labcoin_dev> i am not familiar with such low-level details, sorry, i will get a detailed reply from the lead dev about this

Yeah, they should follow the advice of an expert "merchant banker" like yourself, telling people to sell their shares 1 week before mining begins because the share price is going to tank.

Who says they are a merchant banker? lol you really are on medication!

This outfit isn't a week away from mining don't be a fool. You are nothing but a cheerleader pumping shares then ready to get out as soon as you can

We have all seen what you are writing on the activemining thread Mabsark. You are going to hold LC then dump it as soon as you can. You also told us you bought in at .0018! So as soon as this starts hitting .0035 YOU WILL DUMP IT! I guarantee this FUDSTER is going to dump all his shares very soon. He has led you into his trap!

I will advise the noobs again to get out with their profits NOW. Don't get caught in this major sell off about to come down. Sell now and buy back much lower - you will profit in the long run. Aim for sub 0.002 - DO NOT buy back above that.

Yeah, they should follow the advice of an expert "merchant banker" like yourself, telling people to sell their shares 1 week before mining begins because the share price is going to tank.

Who says they are a merchant banker? lol you really are on medication!

This outfit isn't a week away from mining don't be a fool. You are nothing but a cheerleader pumping shares then ready to get out as soon as you can

We have all seen what you are writing on the activemining thread Mabsark. You are going to hold LC then dump it as soon as you can. You also told us you bought in at .0018! So as soon as this starts hitting .0035 YOU WILL DUMP IT! I guarantee this FUDSTER is going to dump all his shares very soon. He has led you into his trap!

I will advise the noobs again to get out with their profits NOW. Don't get caught in this major sell off about to come down. Sell now and buy back much lower - you will profit in the long run. Aim for sub 0.002 - DO NOT buy back above that.

I didn't call you a merchant banker, I called you a "merchant banker".

I'm not going to dump LC as soon as I can as that would be right now. I will be selling my LC shares for around 0.05 BTC around November and putting my fat stack of profit into ActM to make another fat stack of profit. After that, if no new ASIC manufacturing IPOs pop up, I'll be reinvesting in AM, LC and ActM.

You see, I'm here to make profit, not to worship some company or claim some other company is a complete failure like some retarded fanboy.

When you spot seemingly manipulative behavior, you have to distinguish between (1) white knights, (2) concerned investors, (3) investors of other securities and (4) those who want to buy cheaper and (5) trolls or former investors who are raging for whatever reason.

While shareholders should be thankful for type (2) for bringing up topics which need to be discussed anyway, they neither should fear one of the others due to their inferior position or insignificance. They leave sooner or later and those with the goal of purchasing shares might even give in.

The true villain is the one who doesn't reveal his position and whose actions aren't perceived as suspicious at all.

How are they planning to remove all the heat the chips obviously will generate? BFLs 65nm chip has about the same power draw (~12.5 Watt, and everyone know how much it takes to keep those chips cool, and their chips got an exposed heat pad.

This concern seems to be reasonable. Maybe the allegedly upcoming smaller batch of chips is only intended as sample batch to verify results as fast and cheap as possible (no proper packaging -> underperforming chips). Thus only 3-4 TH/s out of 1500-2500 chips which should hash at 4.7 GH/s/chip (total 7-12 TH/s) according to their earlier specifications. Though this is only speculation and the total amount of chips is a bit vague, too.

On 12th July labcoin mentioned 1000/1500 chips while TheSwede75 announced 2000-2500 later:

Just talked to Sam and while exact dates are still to be received from foundry/fabrication here are the latest news:

- The first run of chips are expected to arrive within a week. This is a 2500 chip run and Labcoin expects at least 2000 chips to be of "production quality". - From these chips some will be send to DYI projects and parties that have expressed interest in volume orders from the coming serial production run.

- PCB/Components for miners are expected to arrive shortly (a few days) after chips. To speed up miner production the PCB has not been tested prior to order but thorough simulations have been ran and Labcoin does not expect any issues with the PCB. SHOULD a problem arise Labcoin expects less than 1 week until new PCB can be produced, so even a worst case scenario has functioning PCB in-hand in about 2 weeks.

We do confirm that we're expecting to obtain the initially declared performances with the 130nm round, but we will wait for the ICs to be ready, to better assess the yield quality in terms of chip grades.

As we hope is clear Labcoins 1st gen chips are not 'state of the art' chips that will push the limits on power consumption and effective but rather Labcoin focuses on pushing the envelope in terms of chip cost and time to market. As it looks now, we should be able to compete in price/hash-rate with December competition, and deliver chips as early as 2 months ahead of them, something that should be ROI+ no matter power cost for the mining public.

The focus of the Labcoin team for the next few weeks will be 100% on becoming maybe The First ASIC project to actually deliver according to project timeline. Something I would consider quite a feat in itself.

What is on order is a specific amount of hashing not a percentage of the network, which is ever expanding; being late means more than just having earnings delayed, it also means less earnings total.

All this ignoring time preference.

True that about delays, but what do you think will happen if the test run/ first chips do their job? I think more will come online..And who cares about the tech specs @ that moment? Thats their concern, we just want to see the hashing power and dividends come online.. and thats for the time being..

When they are going to sell the chips; okay; imho -> than alot of things need to be answered.. for potential buyers of the hardware.. than they need shit load of specs and stuff..